October 2018 – Franchising POC

Significant Contribution Of Food-cart Franchise Businesses In The Philippines

Posted on October 23, 2018 by blogger

Franchising had become a popular trend in the Philippines due to the many new franchise businesses available in the market today that can offer significantly lower franchising cost compared to what franchise businesses in the past. These kinds of popular Franchising business Philippines are food-cart and food-stall businesses.

Popularity of Food-Cart and Food-Stall Businesses
Food-cart and food-stall businesses had become wide-spread all over the Philippines today. The reason why is because of franchising businesses which had promoted these types of small businesses to average Filipinos.

The advantage that made these types of franchise businesses popular, according to many experts, is because of its affordability, making it easier for the average Filipino to start their own profitable business.

Simplicity of Food-Cart Businesses
Part of the reason that made food-cart and food-stall franchise business in the Philippines simple, other than its relatively lesser expensive franchising cost, is its requirements.

Unlike larger franchise business, such as convenient stores or restaurants, a food-cart and food-stall businesses normally requires smaller investments in terms of location and space.

The simplicity of these businesses made it easier for Filipinos to manage their own businesses, even though they lack the necessary knowledge in handling a business.

But what made these small businesses even more popular, according to many experts, is that it doesnt necessarily require franchisees to have attained experience in a managerial position or have acquired a degree in business administration.

Contribution of Franchise Industry to the Economic Growth of the Philippines
The popularity of food-cart and food-stall businesses in the Philippines had largely contributed to the growth of the franchising industry of the Philippines. However, other than the growth of the sector, franchise businesses had also contributed to the growth of the Philippine Economy.

The PFA, or the Philippine Franchise Association, is the pioneer and biggest franchise association in the Philippines. It is the voluntary self-regulating governing body for franchising in the country with 180 franchisors and allied members nationwide.

According to them, the growth of the franchise industry had also contributed to the economic growth of the Philippines. This includes the creation of thousands of enterprises and generation of hundreds of thousands of jobs, making franchising an important tool in the countrys economic growth. Additionally, the franchise industry had also contributed to the growth of the Philippines as the franchise hub of Asia when it comes to the development of franchise concepts.

Franchising Will Grow In Recession

Posted on October 17, 2018 by blogger

FRANCHISING WILL GROW IN RECESSION

History shows that franchising grows strongly in recession, because as job losses and redundancies hit, many workers decide not to return to the workplace. Employees that loose their jobs decide to take their destiny into their own hands. Even in shrinking or slowing market conditions franchising offers a more secure way into business for once employed individuals. For franchisors that are recruiting now more than ever should be planning their network growth strategy. Banks are still keen to lend to new and expanding franchisees. Credit ratings are now more important than ever with the banks. Franchisors should be working closely with the leading banks to ensure they can effectively support their potential new recruits in their approach to the banks for funding.ng.

-Franchising is one bright spot in a lagging economy,” says Gregg Reynolds, chairman of the International Franchise Association, “Last year, more than 18,500 new franchise businesses were created, adding approximately 108,000 new jobs to the economy.”

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Preschool Franchising – A Profitable Business Enterprise

Posted on October 11, 2018 by blogger

Preschools are becoming popular in India, thanks to the high awareness and high income of families these days. These schools are mushrooming in metro cities and small towns alike and are providing various advantages to both the children and the parents. However, the preschool market is still huge and requires to be tapped and for better penetration, a lot many good quality preschools are looking for franchising options.

So, if you are someone who would like to work with kids and create a profitable business venture out of it, then you can contact a preschool that offers franchising options. While contacting the preschool, it is better to get in touch with brands that have made a name for themselves in providing good quality education. You can also approach some international preschool brands that are leveraging their business in India.

Moreover, franchising a preschool is an easy business option as capital investment and other requirements are much lesser. You would require a property of 2500 to 4000 sq. ft. and an investment of about 10 to 20 lakhs for renovating the property, buying furniture and other equipment required for children along with salary for teachers.

While some preschool brands provide staff recruitment and training, some do not. Also, some of them take care of the advertisements and provide you with school bags, books and the like. However, if you are recruiting the staff, then do not compromise on the quality of teachers, as their performance is essential for your business to meet with success. Also, depending on your budget, you can provide additional recreational facilities to children in your school.

So, if you are planning to start this business, then you can browse the internet and find out about the best preschools in India who are providing franchising options. You can get in touch with them and discuss the matter and to find out about their terms and conditions. In this manner, you can choose the preschool brand that you think suits your requirements the best.

Being the franchisee, you will get to know about international best practices, various teaching techniques and the like. You can also get the satisfaction of working with kids and help them learn.

Even if you do not have adequate finances to start a franchisee, you need not worry as you can avail a bank loan for your enterprise. With the rising popularity of preschools, this is considered a good business option for entrepreneurs and you can invest in this to make a profitable venture.

Are you interested to franchise a preschool? Share your views with us.

Gaurav Sharma is the author of this article who loves to write blogs and columns on his favorite topics like preschool education, preschools in India and day care school. In this article he has shared information about preschool franchise.

Franchising Solicitors Can Help With Common Questions

Posted on October 7, 2018 by blogger

You may already know the basic bones about franchising and what it could mean for you. If you don’t want to create your own business from scratch, the next best thing could be to buy into a franchise. In fact it can often be a better solution because the framework of the business is already there for you, and it has also been proven to be a success.

However it would be unwise to go ahead and dive into the first franchise you find without getting decent franchising legal advice first. This is available from franchising solicitors – solicitors who have chosen franchising as their particular speciality.

Before you go and find a solicitor to help you, it is a good idea to think about a franchise opportunity so you have some good questions to ask. In some cases it might be better to narrow down your choice of franchises first. This means you will have a good idea of the type of franchise that will suit you, so that you have some concrete questions to ask.

Franchising solicitors can give all kinds of franchising legal advice to budding franchisees. Don’t be afraid to ask any of the questions you are thinking of – the chances are that other people will already have asked them at some point! It’s good to have all your questions answered before you make the final decision on which franchise to opt for. Remember that this is a major decision in many ways – financial as well as business related – and it will affect your life in lots of ways. It makes sense to get as much franchising legal advice as you can before you make such a decision.

It’s worth remembering that specialist franchising solicitors have lots of experience in the field. They will have dealt with many different franchise situations and clients. This means they will likely know the answers to most or all of the questions you want to ask without any research needed at all. While you may be able to find the answers to some of your questions initially without help, you are bound to have some unanswered questions at the end. These will need to be resolved before you go ahead and invest in the franchise you have narrowed your choice down to.

In any event franchising solicitors will be vital to you if you wish to make everything go as smoothly as possible. From answering your initial questions to providing franchising legal advice every step of the way, you can be sure you will arrive at the best possible situation.

How to choose the right franchise business

Posted on October 4, 2018 by blogger

Franchising is getting a lot popular as a proven and profitable business model in most countries. As a result, there are plenty of players in the marketing makes the choice a bit difficult for the business starter. This article aims to provide good information on the facts to help people choose right business for them.

First, you have to decide what type of business are you interested in and then search over the internet or through word of mouth to get a list of franchise businesses available. Following are a list of important checklist you can go through as a franchise buyer before signing the contract.

Demand and supply theory:
Investigate the overall demand for a particular product/service which the franchisor is offering and have a rough idea of whether the same franchise idea will work in your territory or not. It might have worked in other regions and that doesnt mean it should work with you.
After getting over the demand side, look around to find out about competitors – the most important task. Its not a good idea opening your own business where there are almost 100s of others selling or offering same products/services.

Research on the franchise:
Always make sure to go on internet and search on the franchise business you are interested to get an idea about their business model, strategies, plans etc. You can also be a member of some business franchises forums, asks questions and have good information about that particular franchise. You should also visit some franchise tradeshows and keep in contact with likeminded people to get a right direction and information about the business opportunity.

Franchise agreement:
Once you feel the particular franchise business is suitable and right for you, you should get a copy of franchise agreement and any other documents before signing the contact to read the company policies and other details. You can take a help of a franchise attorney to review the franchise agreement as well.
Training and support:
This is a most important part of any franchise business model as you being a new businessman into the system, might need extensive training and support for initial start-up of your business. You should enquire thoroughly about training model, methods and duration before going into the agreement. Apart from training, ongoing support could be the most effective way to improvise on your business so you should also include this in your checklist.

Once you have the above information and data with you, it will surely help to you assess a right franchise for you. After all, we all work hard toward achieving goals in our lives.